Minister of Transport, Mike Hammah has said that transportation of petroleum products by the Volta Lake Transport Company will resume by the end of the month.
The company, which was established to use the Volta Lake to transport goods to the north is currently faced with serious financial challenges after its contract to ferry petroleum products was stopped in 2009.
Officials say having lost nearly 70 percent of their revenue stream, it has become almost impossible for them to meet their financial obligations with the very survival of the company under threat.
The Transport Minister however told Joy Business a contingency plan is in place to assist the company.
He said the government “has directed that the BOST (Bulk Oil Storage and Transport) should transport their petroleum products to the north via the Volta Lake.”
Source: Joy News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
President Mahama hints at completion of National Cathedral, says location may change
11 minutes -
Kamaldeen Sulemana stars with goal and assist as Southampton beat Swansea in FA Cup
17 minutes -
Zirkzee scores winning penalty as 10-man Manchester United knock out Arsenal from FA Cup
56 minutes -
George Quaye tips Dzifa Gomashie for Tourism Minister position
1 hour -
MTN FA Cup: Kotoko beat Accerler8z to book last 16 spot
1 hour -
Free SHS and the NDC’s dilemma: A look into the future
2 hours -
NIB D-G bought state lands at Cantoments for ¢160k – Documents reveal
2 hours -
Dr Arthur Kennedy: A reset for Ghana
3 hours -
Teacher trainees call for resolution of strikes before colleges reopen
3 hours -
National Prayer and Thanksgiving Service to be held today at UPSA
3 hours -
‘Take the naughty, stealing taxes away’ – E.P Church Moderator to President Mahama
3 hours -
Employee Assistance Programmes: The heartbeat of a 24-Hour economy
4 hours -
Atebubu drivers attack Police after suspected robbers killed 75-year-old driver
4 hours -
Ejura Death: Family rejects autopsy report, alleges police brutality
4 hours -
Paramount Chief of Wenchi instructs illegal miners to stop operating in the area
5 hours